- Nov 9, 2000
- 19,441
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http://www.cbo.gov/doc.cfm?index=11659
A warning was issued about the unabated growth of the national debt. (please no B.b.b.b. but Bush). The scary thing is that the CBO cannot predict at exactly what point the problem will go from warning to mega crisis.
The report did include some statements we can all agree on .... "…If the payment of interest on the extra debt was financed by imposing higher marginal tax rates, those rates would discourage work and saving and further reduce output."
So in short... Cut the spending!
[tinfoil hat]I think obama is DOS attacking the CBO.gov website because I cannot get to the link anymore.[/tinfoil hat]
This site has the summary:
http://conservativedailynews.com/2010/07/are-we-on-the-verge-of-an-economic-collapse/
NSFW!!! link though. Well only if you work at a main stream news outlet or as a college professor.
A warning was issued about the unabated growth of the national debt. (please no B.b.b.b. but Bush). The scary thing is that the CBO cannot predict at exactly what point the problem will go from warning to mega crisis.
The report did include some statements we can all agree on .... "…If the payment of interest on the extra debt was financed by imposing higher marginal tax rates, those rates would discourage work and saving and further reduce output."
So in short... Cut the spending!
[tinfoil hat]I think obama is DOS attacking the CBO.gov website because I cannot get to the link anymore.[/tinfoil hat]
This site has the summary:
http://conservativedailynews.com/2010/07/are-we-on-the-verge-of-an-economic-collapse/
NSFW!!! link though. Well only if you work at a main stream news outlet or as a college professor.
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